The plan will have exit points after two, three, and four years.
The Bank of Jerusalem (TASE: JBNK) is offering new and existing customers a five-year index-linked savings plan bearing an annual rate 3.3% interest. The plan will have exit points after two, three, and four years, with the annual interest dropping to 2.64% if the plan is closed at the first exit point. The minimum deposit is NIS 50,000 and the plan does not carry any fees and eligibility to join is not conditional on savers depositing their salaries with the bank.
The offer ends on May 7.
Published by Globes [online], Israel business news - www.globes-online.com - on April 9, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008